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25 Jan
17:50

Turkey's MMK Metalurji sees output drop in 2023

Turkey's MMK Metalurji, a subsidiary of Russian steelmaker MMK, decreased output on-year in 2023 amid the country's financial constrains, impact of February’s earthquakes, and sanctions on Russia, Kallanish notes from MMK’s operational results. The company’s fourth-quarter-2023 crude steel output was stable compared to the previous quarter at 123,000 tonnes. Annual steel production was down 57.4% at 381,000t compared to 892,000t in 2022, …
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